Taking out HELOC on LLC property
Good afternoon BP family,
I have been stuck in the same spot for a couple of weeks now and hoping maybe you guys can hear me the right direction. So, I recently launched my RE company LLC and am stuck building credit in order to purchase our next property. We want to take out a HELOC out on one of our properties that we currently own (also LLC'd). Does anyone have pointers on how to build credit efficiently and/or if it's possible to use our personal credit to purchase the next property.
Our Intent is to HELOC on an existing property and purchase another one using the BRRRR strategy.
Thank you guys in advance 🙏